Comment on OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates

• myfunnyaccountname@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

  With the financial genius in the white house, I wouldn’t rule that out.

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• Revan343@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  How do I short a currency?

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  • WildPalmTree@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Buy another.

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  • ThirdConsul@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

    You buy foreign currency and then sell it back for USD when you want to realise it.

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    • Revan343@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

      sell it back for USD

      Therein lies the rub; I’m not starting with USD, nor do I want to be

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      • ThirdConsul@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

        Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee.

        Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1).

        What is left over in currency (2) is your profit.

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  • CookieOfFortune@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Gold, commodities, etc.

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    • M0oP0o@mander.xyz ⁨3⁩ ⁨weeks⁩ ago

      Really anything that has value outside of a currency, and the funny part is that raw materials often out preform other ways of investing like GICs. Not talking about silver or gold but like a literal ton of copper or iron ore.

      Now the trick is where to put the stuff…

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      • bold_atlas@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        Not talking about silver or gold but like a literal ton of copper or iron ore.

        Meth powers activate.

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  • mriormro@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    Image

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  • fodor@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    You could always play the foreign exchange market. It’s an interesting idea, usually quite stupid, but if you get the timing of the USD collapse right, there’s money to be made.

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  • monotremata@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    Relative to a second currency, as a derivative on the foreign exchange market.

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  • Saledovil@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    Same way you short anything else, you borrow it, sell it, and then buy it back once the price has dropped, and return it.

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• humanspiral@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  The only possible customer for committed datacenter projects is the US government. the bailout is just buying all the datacenter time… because if not, China wins. Amazon, despite no congressional appropriations yet, has announced $50B datacenter to supply government customers.

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  • matlag@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    China wins what? Except if they already won by far, they have similar AI, with similarly high costs and similarly low value, similarly not worth it. Either they also invest big and will crash just as hard, or they don’t and they’re just enjoying the show of US suiciding its economy through AI.

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    • humanspiral@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

      If you ever stream cable news in the background during business hours. experts will come on to tell you that if the US doesn’t bankrupt itself, then Russia or China wins. The only remaining hope for US economy seems to be to beat China at AI, because it can’t beat it at anything else. So, all the money for military, and AI to help military make Skynet, which will mostly be used to ensure establishment can control/kill Americans who don’t support Skynet for Israel supremacist rule over the US, is simply a continuation of the tautology of “all US money for militarist US establishment control over all of you”, but with more efficient AI.

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